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Standard Medicines Pvt Ltd to enter into biomedical waste management

Meghna A SinghaniaWritten by Meghna A Singhania Published On 2015-09-03T15:08:28+05:30  |  Updated On 3 Sept 2015 3:08 PM IST
Standard Medicines Pvt Ltd to enter into biomedical waste management
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NEW DELHI: Standard Medicines is entering a new business vertical with plans to supply eco-friendly biomedical waste management machine to hospitals in the country.

The city-based company is in talks with various government hospitals and expects installations to begin next month.

"We are entering into this new vertical of biomedical waste management. Currently some paperwork is going on and we expect installations to start happening from the next month," Standard Medicines Pvt Ltd Managing Director Pankaj Kumar Singh said.

He said the company targeting government hospitals in the National Capital Region (NCR) for the first round of machine installations.

Singh said the machines, equipped with latest technology can be be put in a small area of 16 square feet and take up to 40 kg of waste at one time and recycle it into eco-friendly material in 30 minutes.

It can recycle glass, catheters, needles, blood infusion waste. As per a report by central pollution control board, there are around 1.7 lakh hospitals in the country and there are only 198 waste management plants to cater to the waste.

Besides manufacturing generic drugs, Standard Medicines Pvt Ltd also offers product testing, engineering and design services and regulatory support among others.

Standard Medicines is a Delhi based pharmaceutical company primarily manufacturing generic medicines including those for  Anti TB, Anti Diabetics, Anti hypertensive with cardio vascular diseases
Meghna A Singhania
Meghna A Singhania

Meghna A Singhania is the founder and Editor-in-Chief at Medical Dialogues. An Economics graduate from Delhi University and a post graduate from London School of Economics and Political Science, her key research interest lies in health economics, and policy making in health and medical sector in the country. She is a member of the Association of Healthcare Journalists. She can be contacted at meghna@medicaldialogues.in. Contact no. 011-43720751

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